Form 990, Part VI, Line 1a Delegate broad authority to a committee |
From the Organization's Bylaws: Section 8: Duties of the Executive Committee of the Board of Trustees. In the interim of annual or special meetings of the Board of Trustees, the management of the affairs of the Corporation shall be vested in the Executive Committee. 1. The Executive Committee shall meet as often as is necessary and shall be governed by such rules as it may adopt, provided such rules and regulations are in harmony with the bylaws of the Corporation. 2. The Executive Committee shall act on whatever matters of corporation business as shall be referred and assigned to it by the Board of Trustees. 3. The Executive Committee may by resolution authorize the sale, conveyance, or mortgaging of any real property held by the Corporation, other than the main campus. 4. The Executive Committee shall approve the guidelines under which the Senior Administrators of the University are selected. The President shall confer with the Executive Committee prior to selection, reassignment, or termination of a senior administrator. 5. The Executive Committee shall keep a record of its proceedings and copies of these minutes shall be sent to each member of the Executive Committee within five days after the executive meeting. Minutes of action must also be received by the members of the Board of Trustees at its next meeting. 6. The Executive Committee may authorize and approve resolutions necessary to open and close bank, stock, bonds and other investment accounts and designate signatory authority thereon. |
Form 990, Part VI, Line 2 Family/business relationships amongst interested persons |
KENT A. ESTEP AND CHRISTOPHER M. WEGHORST - Family relationship |
Form 990, Part VI, Line 11b Review of form 990 by governing body |
A copy of the final Form 990 and supplemental schedules was provided to all the members of the governing board shortly after filing with the IRS. |
Form 990, Part VI, Line 12c Conflict of interest policy |
AT ITS ANNUAL REORGANIZATION MEETING IN NOVEMBER EACH BOARD MEMBER RECEIVES A COPY OF THE UNIVERSITY'S CONFLICT OF INTEREST POLICY AND IS REQUIRED TO COMPLETE A DISCLOSURE STATEMENT TO DETAIL THE EXISTENCE OF ANY CONFLICTS OF INTEREST OR AFFIRM THAT NONE EXIST. THESE STATEMENTS ARE REVIEWED AND RETAINED BY THE PRESIDENT'S OFFICE. THOSE FOUND TO HAVE A POTENTIAL CONFLICT, OR THE APPEARANCE OF SUCH, DO NOT PARTICIPATE IN FINAL RELATED BUSINESS DISCUSSIONS OR VOTES. |
Form 990, Part VI, Line 19 Required documents available to the public |
Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are currently available upon request to entities determined by management to have a legitimate interest. |
Form 990, Part VII, Section A, Line 1a, Column (D) Compensation of Officers, Directors, Etc. |
Compensation paid to Trustees David P. Johnston and Charles H. Sunberg was provided in exchange for services as adjunct faculty members or speaking at University events. These persons are not compensated in their position as trustees. |
Form 990, Part VIII, Line 2f Other Program Service Revenue |
Other - Total Revenue: 92124, Related or Exempt Function Revenue: 92124, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; |
Form 990, Part XI, Line 9 Other changes in net assets or fund balances |
GAIN ON CHANGE IN SPLIT-INTEREST AGREEMENTS - 28682; |